Investing.com - Southwest Airlines (NYSE:LUV) reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.17 on revenue of $5.7B. Analysts polled by Investing.com anticipated EPS of $1.07 on revenue of $5.67B. That compared to EPS of $0.77 on revenue of $5.27B in the same period a year earlier. The company had reported EPS of $1.08 on revenue of $5.58B in the previous quarter.
For the year, Southwest Airlines shares are up 9.77%, outperforming the S&P 500 which is up 6.93% year to date.
Southwest Airlines follows other major Transportation sector earnings this month
On Wednesday, January 16, 2019, CSX reported fourth quarter EPS of $1.01 on revenue of $3.14B, compared to forecasts of EPS of $0.99 on revenue of $3.12B.
Delta Air Lines earnings beat analyst's expectations on Tuesday, January 15, 2019, with fourth quarter EPS of $1.3 on revenue of $10.74B. Investing.com analysts expected EPS of $1.28 on revenue of $10.72B
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